A recent analysis conducted by Agile Data Solutions, Inc., a market research agency focused on consumer behavior insights, identifies JuanHand as one of the most dependable and effortless online lending applications in the nation, bolstering its position as a preferred option for borrowers in search of smooth and secure financial remedies.
The analysis, which engaged 3,544 participants through the Hustle PH mini application, uncovered that JuanHand ranks among the leading brands with the most substantial growth in awareness, trial, and brand preference within the online lending platforms (OLPs) sector.
In an environment where trust is paramount due to worries regarding unethical and illegal digital lenders, JuanHand distinguishes itself by emphasizing security, transparency, and customer-centric services. This dedication resonates with users, as 56% of participants reported JuanHand to be trustworthy and dependable, while 53% acknowledged it as a safe and secure lending choice. Furthermore, 46% of respondents who currently utilize a different primary lending application concurred that JuanHand offers a more intuitive experience than their existing service, underscoring its commitment to making digital lending more accessible and convenient for Filipinos.
The Changing Borrowing Behavior of Filipinos
The analysis additionally uncovered a transformation in consumer borrowing patterns: Filipinos now predominantly use online loans for everyday expenses and bill payments instead of for debt consolidation. This change indicates the increasing significance of lending applications in facilitating financial adaptability and short-term cash flow management.
Six years prior, more than 85% of JuanHand users sought loans for financial aid, commonly referred to as “Pantawid hanggang sweldo.” Presently, over 30% of borrowers utilize loans for commercial purposes, including e-commerce and online selling. This trend exemplifies how Filipinos are utilizing lending as a means for financial advancement — leveraging borrowed funds to create income rather than merely managing immediate costs. JuanHand continues to adapt to these shifting demands by providing customized solutions that empower Filipinos to take charge of their finances.
Shaping the Future of Digital Lending
Social media remains a potent influencer in financial education and consumer engagement. Facebook continues to be the most widely utilized platform among OLP users, while TikTok has surfaced as an essential tool for boosting app downloads and enhancing brand trust. By strategically harnessing these digital platforms, JuanHand promotes financial literacy and elevates customer awareness, assisting Filipinos in making more informed financial decisions.
“At JuanHand, we are convinced that responsible lending is intrinsically linked to financial education. By connecting with Filipinos on platforms they trust and engage with daily, we empower them to make smarter financial decisions and build a more secure future,” expressed Francisco ‘Coco’ Mauricio, CEO and President of JuanHand.
As the appetite for trustworthy and consumer-friendly lending solutions expands, JuanHand remains dedicated to providing Filipinos with a credible and secure borrowing experience. With loans available for up to P50,000, competitive rates, and minimal requirements, JuanHand simplifies the borrowing process — users can apply with a single valid ID and obtain approval in as little as five minutes.
With digital engagement, financial literacy, and competitive loan options at the heart of its offerings, JuanHand is poised to remain a prominent player in the transforming landscape of online lending.
Visit www.juanhand.com or follow JuanHand on Facebook and TikTok to stay updated and financially empowered.
Spotlight is BusinessWorld’s sponsored section that enables advertisers to amplify their brand and connect with BusinessWorld’s audience by sharing their narratives on the BusinessWorld website. For more details, send an email to online@bworldonline.com.
Join us on Viber at https://bit.ly/3hv6bLA for more updates and subscribe to BusinessWorld’s titles to receive exclusive content through www.bworld-x.com.